Bitcoin saw significant volatility over the week, breaking another all-time high before losing most of its gains and closing the week down. In other news, Coinbase is planning a $1bn bond sale, Grayscale filed to launch a low fee GBTC spinoff and U.S. inflation came in hotter than expected.

This morning, BTC hit a new all time high of $72.2k, just days after hitting a previous high. ETH also crossed $4k for the first time since 2021. In other news, PayPal launched zero-fee remittances for PYUSD users, bankrupt crypto lender BlockFi settled with the FTX & Alameda estates, and the U.S. SEC delayed BlackRock and Fidelity’s applications for spot ETH ETFs.

Bitcoin gained more than $13k last week as ETF inflows soared, with BlackRock’s IBIT ETF hitting $10bn in AUM. Meanwhile, a U.S. court ruled that secondary sales of some crypto assets are securities and Binance faces a probe in Nigeria.

Ether is currently leading the market, hitting a 22-month high of $3125 early Monday morning, while BTC’s movements have slowed. Last week, two trends fueled the crypto industry: AI tokens and USDe, a new “synthetic dollar” promising 27% yield with a unique peg stability mechanism.

This week, we explore the on-chain transactions surrounding the BTC ETFs.

Bitcoin’s market cap surpassed $1tn last week for the first time since November 2021 as prices rose above $52k. In other news, Franklin Templeton applied for a spot ETH ETF, U.S. CPI came in above expectations and a coalition of banks called the SEC to change its crypto guidance.

Bitcoin is currently trading above $48K, a total recovery of its post-ETF losses. In other news, Solana suffered a major five-hour outage, Ethereum developers set a target date for a major upgrade, Citrea launched the first ZK rollup on Bitcoin.

This week we examine the world’s deepest exchange; it isn’t Binance.

BTC was volatile after the U.S. Fed pushed against market expectations for March rate cuts. In other news, bankrupt FTX and Celsius will start to repay creditors, GBTC outflows continued to slow, and Solana DEX aggregator Jupiter completed one of the largest airdrops ever.

BTC prices rebounded over the weekend, stabilizing around $42k after dropping to their lowest levels since early December. In other news, the U.S. SEC delayed its decision on BlackRock’s ETH ETF until March, Solana launched token extensions, and U.S. GDP surprised on the upside.

BTC continues to trade more than 10% below its pre-ETF price level, falling below $41K in the early hours on Monday amid continued outflows from Grayscale’s GBTC fund.

This week we examine the state of ETH, including a look at how volumes and derivatives have fared in the wake of last week’s BTC ETFs going live.

BTC saw strong volatility over the week following the landmark approval of several spot ETFs in the U.S. Despite hopes that the rally would continue, BTC closed the week in the red dipping to $42.6k from a high of $48.7k. ETH ended up being the surprise winner, closing Sunday up 11% as traders anticipate a spot ETH ETF could be next in line.

Today, we’re pleased to unveil our Q4 2023 Token Liquidity Ranking following one of the most exciting quarters since the ranking’s inception.

January 10th marks the final day that the SEC can take a decision on Ark’s spot ETF and no matter the outcome, there will likely be more volatility. BTC was one of the only crypto assets to close the week up after a dramatic price crash that triggered hundreds of millions of liquidations.

Throughout 2023, Kaiko Research published more than 800 charts exploring the highs and lows of crypto. Today, we take a look back at 10 charts that we believe define the year.